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Cash flowed even as grain firm failed

By John Braese and Les Zaitz

The Enterprise

NYSSA – Galen Jantz earlier this year needed time to save Farmers Grain.

By June, the Vale business leader and farmer was under relentless pressure.

The Nyssa grain brokerage he founded and operated was bankrupt, hoping to reorganize to settle millions in debt. Farmers were demanding their money. Partners wondered what had happened.

The brokerage’s main lender was foreclosing to get its money back from the failing business.

And now, that lender, Rabo AgriFinance, was going after Jantz personally, seeking what it said in court filings was $4.5 million . . .